Trump's tariffs will impact what businesses buy — and sell you — worldwide

We expect our vendors across our entire assortment will pass along some level of tariff costs to retailers, making price increases for American consumers highly likely,

When it ... Best Buy’s Barry said

The impact on us, admittedly, is going to be greater than the impact on the United States, ... You add a 25% tariff on most of that … and it’s going to immediately have an impact in terms of reducing or eliminating gross, possibly sending the economy into a recession.”

Fagan told CNN, adding

If US consumers are not buying as much product produced in Mexico, then eventually, that could result in job losses for Mexico,

Marczak told CNN

Justin Trudeauprime Minister

This is going to be tough.”

Canadian Prime Minister Justin Trudeau acknowledged

If it’s a 25% tariff, that’s far bigger than profit. So, at a certain point, very quickly, unless you can pass those costs along to consumers, ultimately, it’s not profitable to continue to produce,

he said, warning that a pause in production

If this issue of tariffs is consolidated, an important evaluation of the geographic diversification of the Mexican economy must be made,

she said

Tariffs create ripple effects that move through complex supply chains in ways that aren't always obvious,

Travis Tokar, professor of supply chain management at Texas Christian University, wrote in an e-mail

Greg DacoeY chief economist

The exceptionalism and resilience that we've been talking about for two years, I think is starting to show some cracks,

Daco added

We're going to see a price level change upward,

said Kleinhenz

We've got now multiple trade wars on multiple fronts,

Swonk said

I’m struggling to see the wisdom in picking a fight with our largest trading partner that we’ve had historically wonderful relationships with,

Lutz said Tuesday from her shop

Justin Trudeauprime Minister

Today the United States launched a trade war against Canada, their closest partner and ally, their closest friend. At the same, they are talking about working positively with Russia, appeasing Vladimir Putin, a lying, murderous dictator. Make that make sense,

Trudeau said

Daniel Anthony (actor)british actor

From a technical standpoint, the imposition of the tariffs is basically a light switch. They're on or they're off,

said Daniel Anthony, the president of Trade Partnership Worldwide, a policy research firm

It's like when you get an Uber bill and you forgot to tip, and add it on later,

she said

Claudia Sheinbaumpresident

It's inconceivable that they don't think about the damage this is going to cause to United States citizens and businesses with the increase in prices for things produced in our country,

Sheinbaum said

Justin Trudeauprime Minister

Canada will not let this unjustified decision go unanswered,

Trudeau said

Claudia Sheinbaumpresident

We collaborate to avoid illegal drug trafficking to the United States, but as we have said on multiple occasions, that country's government must take responsibility, too, for the crisis of opioid consumption that has caused so many deaths in the United States,

the Mexican leader said

There is no motive or reason, nor justification that supports this decision that will affect our people and our nations,

added Sheinbaum

Lin Jianspokesman

If the U.S. has other intentions and is committed to waging a tariff war, trade war, or any other kind of war, China will respond in kind, ... to abandon its bullying tactics and return to the necessary track of dialogue and cooperation at an early date."

Lin said, adding a call for the White House

It's going to be an absolute disaster for both countries,

he acknowledged in a separate interview with NBC News